TT International Asset Management LTD Acquires New Holdings in Banco BBVA Argentina S.A. (NYSE:BBAR)

TT International Asset Management LTD bought a new position in shares of Banco BBVA Argentina S.A. (NYSE:BBAR) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 171,134 shares of the bank’s stock, valued at approximately $3,261,000. Banco BBVA Argentina makes up about 0.5% of TT International Asset Management LTD’s holdings, making the stock its 25th largest holding.

Other hedge funds have also recently added to or reduced their stakes in the company. Fourth Sail Capital LP boosted its stake in Banco BBVA Argentina by 74.6% in the 2nd quarter. Fourth Sail Capital LP now owns 2,361,386 shares of the bank’s stock worth $21,843,000 after purchasing an additional 1,009,103 shares during the period. PointState Capital LP boosted its stake in shares of Banco BBVA Argentina by 14.2% during the 3rd quarter. PointState Capital LP now owns 1,664,893 shares of the bank’s stock valued at $17,265,000 after buying an additional 206,399 shares during the period. Sagil Capital LLP acquired a new stake in shares of Banco BBVA Argentina during the 3rd quarter valued at $2,131,000. Mirabella Financial Services LLP acquired a new stake in shares of Banco BBVA Argentina during the 3rd quarter valued at $1,155,000. Finally, Virtu Financial LLC acquired a new stake in shares of Banco BBVA Argentina during the 3rd quarter valued at $506,000.

Analyst Ratings Changes

A number of research analysts have recently weighed in on BBAR shares. StockNews.com downgraded shares of Banco BBVA Argentina from a “buy” rating to a “hold” rating in a report on Tuesday, December 24th. Morgan Stanley upgraded shares of Banco BBVA Argentina from an “underweight” rating to an “overweight” rating and set a $27.00 price target on the stock in a report on Monday, December 16th.

Banco BBVA Argentina Stock Performance

NYSE:BBAR opened at $23.31 on Monday. The firm’s 50-day moving average is $17.93 and its 200-day moving average is $13.03. Banco BBVA Argentina S.A. has a 52-week low of $4.63 and a 52-week high of $25.01. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.90 and a current ratio of 0.99. The company has a market cap of $4.76 billion, a price-to-earnings ratio of 12.14 and a beta of 1.42.

About Banco BBVA Argentina

Banco BBVA Argentina SA provides various banking products and services to individuals and companies in Argentina. The company provides retail banking products and services, such as checking and savings accounts, time deposits, credit cards financing, consumer and pledge loans, mortgages, insurance, and investment products to individuals; and small and medium-sized companies products and services, including financing products, factoring, checking accounts, time deposits, transactional and payroll services, insurance, and investment products to private-sector companies.